ULBC TRUST LIMITED
Supporting rowing in the University of London. Funding the University of London Boat Club (ULBC) and running the University boathouse for the benefit of ULBC, the rowing clubs of the colleges and member institutions affiliated to the University, and two youth rowing charities.
Objects
THE OBJECTS OF THE TRUST ARE TO ADVANCE EDUCATION AT THE UNIVERSITY OF LONDON BY SUPPORTING AND ENCOURAGING THE UNIVERSITY OF LONDON BOAT CLUB AND THE ROWING CLUBS OF COLLEGES AFFILIATED TO THE UNIVERSITY WHICH FORM PART OF THE EDUCATION ACTIVITIES OF THE UNIVERSITY.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £60,173 for the year, resulting in a reduction of total funds from £853,021 to £792,848. The trustees note that the current level of reserves exceeds current requirements for cash and contingency, although they plan to continue increased expenditure which will lead to further reductions in reserves. The charity remains fully solvent and is prepared on a going concern basis.
What the accounts disclose
“This overall level of reserves exceeds the Trust’s current requirements for cash and contingency reserves.”
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/09/2025
- Volunteers: 6
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/09/2024
- Volunteers: 4
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 30/09/2023
- Has a trading subsidiary
- Grant-making is its main activity
Property (HM Land Registry)
Trustees
- Claire Rimmer
- Dr GORDON ELLIOTT
- GILES MONNICKENDAM
- HUMPHRY HATTON
- JOHN MORRIS KINNEAR
- Stuart Pearce
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £219k | £281k |
| 30/09/2024 | £232k | £231k |
| 30/09/2023 | £188k | £238k |
| 30/09/2022 | £492k | £134k |
| 30/09/2021 | £137k | £97k |
Common questions
Is ULBC TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £60,173 for the year, resulting in a reduction of total funds from £853,021 to £792,848. The trustees note that the current level of reserves exceeds current requirements for cash and contingency, although they plan to continue increased expenditure which will lead to further reductions in reserves. The charity remains fully solvent and is prepared on a going concern basis. Its FY2025 accounts were independently examined.
Who funds ULBC TRUST LIMITED?
Funders whose own accounts filings name ULBC TRUST LIMITED as a grant recipient include ULBC TRUST LIMITED.
Shared trustees with funders
- Claire Rimmer — trustee here and at ULBC TRUST LIMITED
- Dr GORDON ELLIOTT — trustee here and at ULBC TRUST LIMITED
- GILES MONNICKENDAM — trustee here and at ULBC TRUST LIMITED
- HUMPHRY HATTON — trustee here and at ULBC TRUST LIMITED
- JOHN MORRIS KINNEAR — trustee here and at ULBC TRUST LIMITED
- Stuart Pearce — trustee here and at ULBC TRUST LIMITED
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| ULBC TRUST LIMITED | FY2025 | £215k | Support for ULBC rowing programme (coaching staff, running costs, spares and repairs) |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ANGLO-AMERICAN CHARITY LIMITED | 1 | £26k |
| TOBY AND REGINA WYLES CHARITABLE TRUST | 1 | £24k |
Charities like this
- THE JESUS COLLEGE BOAT CLUB TRUST
- THE CUBC ROWING CHARITABLE FUND
- HAWLEY LAKE SAIL TRAINING CENTRE
- EXMOUTH ROWING CLUB
- SIR WILLIAM BORLASE BOAT CLUB SUPPORT GROUP
- THE THAMES ROWING CLUB CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ULBC TRUST LIMITED | £219k | — | 0 | above | — | no doubt |
| THE JESUS COLLEGE BOAT CLUB TRUST | £77k | — | 0 | above | — | no doubt |
| THE CUBC ROWING CHARITABLE FUND | £690k | — | 0 | unclear | — | no doubt |
| HAWLEY LAKE SAIL TRAINING CENTRE | £187k | — | 0 | unclear | — | no doubt |
| EXMOUTH ROWING CLUB | £36k | — | 0 | unclear | — | no doubt |
| SIR WILLIAM BORLASE BOAT CLUB SUPPORT GROUP | £134k | — | — | unclear | — | no doubt |